- 2290m surface diamond drilling program commences
- Historic Grades from bulk sampling reported values from
7.59 oz/ton Au to 17.10 oz/ton Au
- Historic 400' Production Shaft with 4 levels, 1450' of lateral
development is the focus of this first phase of drilling
TORONTO, Nov. 29 /CNW/ - Northern Gold Mining Inc. (TSX-V NGM) is pleased
to announce the commencement of an 18 hole, 2290 metre surface diamond
drilling program on its high-grade Bourkes Mine property located in Benoit
Township in north-eastern Ontario.
The Bourkes Mine is situated 22 kms north-west of the historic
gold-mining camp of Kirkland Lake, Ontario where to date more than 24 million
ounces of gold have been produced. The Bourkes Mine had intermittent
production from 1918 to 1947 and though production records from the period are
very incomplete to non-existent historical reports from the 1918 and 1936
periods note bulk sample grades from 7.59 to 17.10 oz./ ton Au.
The Bourkes Mine infrastructure includes a 400' depth shaft with 4 levels
driven off the shaft for a total of 1450' of lateral development.
Ownership issues historically had halted exploration on the Bourkes Mine
property, and now that they have been resolved, Northern Gold Mining will be
the first to apply modern exploration techniques to this historic and
reportedly high grade gold mineralization.
The drilling program will target 17 holes within the area of the mine
workings with a drill hole intersection density of approximately 50' to 100'
centres. In this initial phase of drilling one hole will be targeted to
intersect the Bourkes Mine mineralization at a depth of approximately 650',
250' below the lowest mine level to test for down-dip continuation of the
mineralization. Following completion of this initial phase of drilling
Northern Gold Mining proposes to follow-up with a step-out program to test for
continuation of the Bourkes Mine mineralization both on-strike and down-dip
with holes to 1500' depth being considered pending geologically satisfactory
R.V. Zalnieriunas, P.Geol., is a "Qualified Person" as defined by NI
43-101 and has reviewed this release.
Northern Gold Mining Inc. is a well-financed Toronto-based junior
resource company dedicated to gold exploration in the proven mining camps of
Kirkland Lake and Timmins in Northern Ontario. The goal of our experienced and
highly-skilled management is to maximize shareholder value through successful
exploration and the aggressive testing of high quality targets such as our
advanced-stage past-producing gold property located in the Kirkland Lake area.
CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release. No stock
exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein. This News Release includes
certain "forward-looking statements". All statements other than statements of
historical fact, included in this release, including, without limitation,
statements regarding potential mineralization and reserves, exploration
results, future plans and objectives of Northern Gold Mining Inc., are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from Northern Gold Mining Inc.'s expectations are the risks
detailed herein and from time to time in the filings made by Northern Gold
Mining Inc. with securities regulators.
For further information:
For further information: Northern Gold Mining Inc., Martin Shefsky,
President and CEO, Tel: (416) 366-7300, Fax: (416) 366-7301, E:
firstname.lastname@example.org, Web site: www.northerngold.ca